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  All the Money Flooding Into AI Is a Giant Warning Sign When companies as a group turn into sellers, it’s a reasonable sign that stocks are very overpriced By SpaceX launched its IPO earlier this month. Angela Weiss/AFP/Getty Images What should you do if investors bid up your stock on the basis that you will be a winner in artificial intelligence, but your product isn’t popular? Elon Musk has the answer: Use your expensive stock to buy another AI business. SpaceX ’s $60 billion all-stock purchase of Cursor , a programming assistant that popularized “vibe-coding,” makes Musk a player in corporate AI in a way that his Grok chatbot hasn’t . It is also part of a rush of stock issuance that should raise serious red flags even among those who dismiss elevated valuations. Companies always have a choice of how to finance capital spending and takeovers. They can raise debt or issue stock (or a mix). If interest rates are low, debt is cheap for companies. Equally, if stock valuations are ...
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  ‘I’m the President and You’re Not’: Trump Tests His Power and Frustrates the GOP The president has made a series of decisions that have confounded Republicans and are challenging his grip on the party By , and Updated  June 19, 2026 9:07 am  ET President Trump shortly after arriving in France this week for a Group of Seven summit.   Anna Moneymaker/Getty Images Quick Summary President Trump is increasingly relying on his own instincts, making decisions that frustrate Republicans and test his party control. Trump agreed to a preliminary peace deal with Iran, drawing criticism from Republicans who say it offers Tehran a financial lifeline. The president delayed his intelligence chief nominee’s confirmation to keep an acting pick, and tied a spying law renewal to a voter-ID bill. This summary was generated with AI and reviewed by an editor.  Read more  about how we use artificial intelligence in our journalism. President Trump is increasingly relying on his ...
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  Breakingviews - Galbraith’s bezzle lurks beneath the AI frenzy June 19, 2026 3:01 PM GMT+10 Updated June 19, 2026 AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights , opens new tab LONDON, June 19 (Reuters Breakingviews) - In his book “The Great Crash 1929”, John Kenneth Galbraith coined the term “bezzle”. The economist defined the term as “an inventory of undiscovered embezzlement in – or more precisely not in – the country’s businesses and banks.” According to Galbraith, the bezzle grows “in good times [when] people are relaxed, trusting, and money is plentiful”. We are living through such times, once again. Enthusiasm for anything ​related to AI has made investors too relaxed and trusting about the financial activities of the leading companies involved in the technology revolution. The bezzle comes in various forms. It is found when ‌companies overstate their earning...
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  "Spiegel"-Titel "Unser Krieg gegen Russland" ist geschichtsvergessen Der „Spiegel“ spielt Putins Propaganda in die Hände Ein Kommentar von  Yelizaveta Landenberger 19.06.2026, 18:28 Lesezeit:  2  Min. Der „Spiegel“ titelt über den Zweiten Weltkrieg und verwechselt die Sowjetunion mit Russland. Das ist geschichtsvergessen und verhöhnt viele Opfer des Kriegs im Osten Europas. Für den Kreml ein gefundenes Fressen.
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  Brexit Was Only as Good as Its Plan… Oh, Wait There never was one. Ten years later, what still Remains is the muddle and anger. June 19, 2026 at 11:00 PM GMT+10 Save Translate To get John Authers’ newsletter delivered directly to your inbox, sign up here . “We didn’t have a plan for what to do next,” said Boris Johnson, “because we didn’t think it was our job to have a plan.” That note of devastating honesty from the leader of the campaign for Britain to leave the European Union concluded Brexit: A Very British Civil War , a BBC documentary broadcast this week to celebrate the 10th anniversary of the Brexit referendum. It’s already featuring in pro-EU commercials, and it vitiates the intense debate over whether the UK could ever benefit from the decision it made to go. As John Micklethwait and Adrian Wooldridge laid out last month, the momentous decision entered into so casually has proved to be quite a watershed moment in global history. Its significance spreads far beyond ar...
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  Read in browser Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the debt drama bringing excitement to a bold turnaround specialist, the US real estate investment opportunity that survived a presidential executive order and we hear from a New York Knicks superfan still on Cloud Nine. But first we look at the nightmare scenario one of the world’s leading watchdogs wants private markets to confront. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Severe But Plausible The Bank of England today revealed the scenario it wants the industry to model itself against in its groundbreaking private markets stress test — and it doesn’t make for pretty reading. The watchdog kicked off its year-long deep-dive into the $16 trillion private markets ecosystem on the back of fears about the sector’s ab...
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